ELDRED CENTRAL SCHOOL DISTRICT 2019-20 BUDGET

PROJECTED REVENUES REAL PROPERTY TAXES - $10,669,011; an increase of $239,988 or 2.3% which is the cap; STATE AID - $5,924,638; increase of $129,362; as per initial projections; OTHER REVENUES - $592,850 an increase of $79,000; USE OF RESERVE/FUND BALANCE - $0, a decrease of $100,000; TOTAL REVENUE BUDGET - $17,196,500 an increase of $348,350 or 2.06%

Overview No use of unencumbered fund balance and reserves; Increase in State Aid of 2% due to Transportation Lease; No major equipment sales; Increased Investment Income; Increased Real Property Taxes by 2.3%.

SCHOOL TAXES Proposed increase of 2.3% for Fiscal 2019-2020 After Tax Increase we will still have the third lowest rates in the county respectively. Rates are expected to decline this year. The District expects to increase rates next year to capture compressor station money while allowing residents to keep the property relief check.

STATE AID Increase in Foundation Aid and Transportation Aid due to Bus Lease. Decrease in Aid Contribution Rate due to higher assessed values, lower enrollment and attendance. Net Effect increase in Aid of $129,362

Other Revenue Increase in BOCESS Refund and Gifts/Donations Increase in Interest Income. Member Aid from Gunther 95,000. Net Increase of $79,000

2019-2020 BUDGET EXPENSE HIGHLIGHTS GENERAL SUPPORT SALARIES - Contractual Increases budgeted. No increase for Superintendent. Other increases held at 2% or below, or at contractual amounts. GENERAL SUPPORT OTHER – Expenses increased .2%. Holding off on scheduled blacktop project. All Other supplies and contractual expenses held flat. Energy Costs expected to be consistent with prior years. INSTRUCTIONAL SALARIES –Added a special education teacher. Increased remaining salaries per contract. Reconfigured Salaries to reflect actual placements. INSTRUCTIONAL OTHER – Added Two SRO’s. Special Ed. Costs expected to increase. Total Instructional Increase 2.88%.

2018-19 BUDGET EXPENSE HIGHLIGHTS TRANSPORTATION SALARIES – Increased Salaries per contract. TRANSPORTATION OTHER – Expenses increasing due to shortage in drivers; EMPLOYEE BENEFITS – increase in health insurance premiums anticipated to be 1.5% or less. Reductions in TRS anticipated for next year, contributions are 2% less. DEBT SERVICE – No new debt issued. Payments made according to bond amortization. Remains flat.

2018-19 BUDGET EXPENSE HIGHLIGHTS Overall expenditures increased $348,350 compared to prior fiscal year.